Micron Technology, Inc. (NASDAQ:MU) Shareholders to Receive $0.15 Quarterly Dividend

Key Points

• Micron declared a quarterly dividend of $0.15 per share, payable October 29 to shareholders of record on October 14. The annualized dividend is $0.60, yielding approximately 0.1%.
• Micron’s latest results exceeded expectations, with quarterly earnings of $33.42 per share versus the $31.72 consensus and revenue of $54.23 billion versus estimates of $51.33 billion. Revenue rose 379.1% year over year.
• Analyst sentiment remains positive, with 40 Buy ratings and five Holds, producing a consensus “Moderate Buy” rating and an average price target of $1,375.58.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) announced a quarterly dividend on Wednesday, September 30th. Investors of record on Wednesday, October 14th will be given a dividend of $0.15 per share by the semiconductor manufacturer on Thursday, October 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th.

Micron Technology has a dividend payout ratio of 5.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Micron Technology to earn $159.03 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 0.4%.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $1,065.11 on Thursday. The company has a market capitalization of $1.20 trillion, a PE ratio of 24.11, a PEG ratio of 0.67 and a beta of 2.22. Micron Technology has a 12 month low of $165.50 and a 12 month high of $1,255.00. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The stock's fifty day simple moving average is $952.75 and its 200 day simple moving average is $814.16.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.72 by $1.70. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the company posted $3.03 earnings per share. The company's revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts predict that Micron Technology will post 73.12 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on MU. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Micron Technology in a report on Thursday. Barclays increased their target price on Micron Technology from $1,175.00 to $2,000.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Rosenblatt Securities raised their target price on shares of Micron Technology from $1,500.00 to $1,900.00 and gave the stock a "buy" rating in a report on Thursday. Susquehanna reaffirmed a "positive" rating on shares of Micron Technology in a research note on Thursday. Finally, Wells Fargo & Company reduced their price target on shares of Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating for the company in a report on Wednesday, September 23rd. Forty analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,375.58.

Micron Technology Company Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.

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